Fiji Sun, 26 August 2017 – The Consumer Price Index (CPI) also known as the cost of living index is compiled to indicate average changes in the prices of goods and services purchased by households nationwide.
It is used to help determine the performance of an economy and to gauge the present inflation rate.
Inflation is a sustained increase in the cost of living or the general price level and is measured by the annual percentage change in consumer prices. Read more…
